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Some more hard questions from 2014 Economics
Economics
Admin Admin
23-01-2016 06:40:00 +0000The economics questions below presented a challenge for over 80% of the students that attempted them. What's more, these questions have appeared several times on previous JAMBs so it's important all Jambites have a clear understanding of these topics.
Question 48) The main objective of WTO is to :
A) assist countries with chronic balance of payments problem
B) assist developing countries to execute developmental projects
C) ensure adequate protection for infant industries
D) provide a mechanism for tariff reduction
Question 22) A perfect competitor will continue to expand output up to the point where
A) MC < MR
B) - MC > MR
C) - TC > TR
D) - MR = AR
UPDATED -ANSWERS TO ABOVE QUESTIONS
Q48:
B - World Trade Organisation (WTO) is an international organization dealing with the global rules of trade between nations. its main function is to ensure that trade flows as smoothly, predictably, and freely as possible. The main objective of WTO is assist developing countries to execute developmental projects.Q23:
A - MC < MR
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Afolabi Oluwatobiloba
Anywhere we can check which of the answers are correct?
0 23-01-2016 22:26:00 +0000
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